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Geely and ST set up joint lab and sign multi-year SiC device supply deal

What happened

STMicroelectronics and Geely Auto Group have signed a multi-year silicon carbide (SiC) supply agreement and established a joint lab. This deepens their existing cooperation to support Geely's EV electrification strategy. Bullish: This long-term deal locks in significant future demand for ST's SiC devices, tightening supply availability for the broader spot market.

Impact and signal

Medium impactImpact score: 45/100

Affected components and suppliers

SiC MOSFET

STMicroelectronics

long-term-agreementev-demandsic-supply

Source and time

Source: Semiconductor Today · 6/5/2024 · View original source

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Geely and ST set up joint lab and sign multi-year SiC device supply deal

What happened

Impact and signal

Affected components and suppliers

Source and time

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